The World’s Most Valuable Companies throughout History #6 – PetroChina

In this nine-piece report, Huntedhead will look at global corporations throughout history. The ranking is based on total worth, adjusted for inflation.

PetroChina in 2007 – $1,120,000,000,000

Founded only in 1999 as China’s largest oil producer, the state-owned company went public in 2007. Investor speculation on growth in reserves boosted the hype and made PetroChina the first ever trillion-dollar company. Soon after the IPO, the stock value went down to more realistic levels, as evidenced by the current value of $295 billion.